The recent vow by United States Senate leader Chuck Schumer to end federal prohibition of cannabis could have knock-on effects for Bitcoin (BTC) and the wider cryptocurrency industry.
Schumer and fellow Democratic senators Ron Wyden and Cory Booker released a joint statement on Feb. 1, declaring their intention to comprehensively reform federal cannabis legislation. The statement noted the disproportionate impact of the war on drugs on people of color. It stated: